近日，在Hot Chips 2025大会举行期间，英特尔新一代至强处理器 Clearwater Forest首次亮相，这是英特尔基于Intel 18A制程打造的首款服务器芯片。会上， 英特尔首次披露了Clearwater Forest的诸多关键技术细节：该处理器搭载 288个能效核心，双路配置下可提供最高 576核心，同时配备超过 1152MB的三级缓 存，性能强劲，效率也大幅提升。 Darkmont核心带来能效提升 从核心架构上看，Clearwater Forest进行了多项关键升级。全新的 Darkmont能效核心采用更宽的 3x3解码引擎、更深层次的乱序执行窗口和更强的执行端 口，相比上一代 Crestmont核心，每时钟周期指令数（IPC）提升约 17%。 Clearwater Forest处理器与上代至强6能效核处理器Sierra Forest插槽兼容，最多支持12通道的DDR5 RDIMM内存。 在这12个24核心CPU芯粒内部，英特尔采用的是四个CPU内核为一簇的设计。四个核心共享4MB二级缓存，且该芯片的 L2带宽较 Sierra Forest翻倍。这一设 计扩展至 288个核心，便使Clea ...

89亿美元，占股9.9%，美国政府宣布将成为芯片巨头英特尔的最大股东。这不是一般的企业纾困，更 不是简单的财政拨款。这一"美国版混改"举措被外界解读为美国打造主权财富基金的开端，并可能就此 开启一个由国家资本主导产业走向的时代。但在提交给美国证券交易委员会的文件中，英特尔指出，这 可能影响其国际销售，而国际市场销售占其收入的76%。此外，该协议还可能引发诉讼，并遭到外国政 府、商业合作伙伴甚至自身员工的反对。 补贴变投资 当地时间8月25日，美国总统特朗普在白宫回答记者提问时称，美国芯片制造商英特尔公司将大约10% 的股份给美国政府"对公司来说是好事"，而自己"一下子就为美国赚了上百亿美元"，如果以后再有这样 的机会，他"还会这么做"。特朗普称，虽然有些人说"这么做可耻"，"但这不丢人，这叫生意"。 此前在8月22日，英特尔宣布与美国政府达成协议，美国政府将向英特尔普通股投资89亿美元，收购该 公司9.9%的股份。交易成功后，美国政府将成为英特尔的大股东。美国政府对英特尔的投资属于被动 持股，不享有董事会席位、治理权及知情权。政府还同意除极少数例外情况，将在需要股东批准的事项 上与公司董事会保持一致。 根据英 ...

似乎不再执着于让 Linux 跑在新款 Mac 设备上，Asahi Linux 项目的又一位核心人物 Alyssa Anne Rosenzweig 于今日也做出了一个重大决定：告别苹果生 态系统，准备迎接下一个挑战——加入英特尔团队，围绕 Xe-HPG 架构展开工作。 消息一出，引发开源社区的热烈讨论。有人送上祝福，期待她的新征程；也有人隐隐担心，这是不是意味着在 M3、M4 芯片的 Mac 上跑 Linux 的梦想将 愈发遥远。 那 Alyssa 究竟是何方神圣？她的离开会对 Linux 运行在苹果 M 系列芯片上的项目带来怎样的影响？ 高中写驱动，进入大学即获得正式工作 翻开 Alyssa 的个人博客主页，映入眼帘的自我介绍相当简洁：一位专注图形驱动的开发者，同时也是软件自由的忠实拥护者。 殊不知，Alyssa 在图形驱动和编译器开发方面已经积累了整整七年的经验。而当这一切开始时，她还只是一个学生；即便到现在，她也不过才本科毕业 两年。 回看她的成长历程，早在 2017 年，高中时期的 Alyssa 就独立启动了一个实验性项目——Panfrost，这是一个早期的开源 Mali 驱动研究项目。 它的目标是为 ...

Group 1 - The article discusses former President Trump's intervention in private companies, specifically highlighting his acquisition of a 10% stake in Intel through a deal worth $8.9 billion, which includes $5.7 billion in subsidies from the Biden administration's CHIPS and Science Act [5][6]. - California Governor Gavin Newsom criticized Trump's actions as "disgusting," suggesting that if President Biden attempted similar agreements with American companies, it would provoke public outrage [3][5]. - Trump's recent actions represent a departure from traditional free-market principles, as he has pressured companies like Nvidia and AMD to pay a percentage of their sales in China to the U.S. government in exchange for export licenses [5][6]. Group 2 - Trump's approach to corporate governance has been characterized as a "transactional model," where companies are expected to make concessions in exchange for government assistance [6][7]. - The article notes that Trump's administration has also pressured major corporations like Coca-Cola, Walmart, and Amazon to adjust their product offerings and pricing to align with government interests [6][7]. - There are indications that the Trump administration is considering acquiring stakes in defense contractors, which has shocked both the business and political communities [7].

上周宣布与英特尔达成10%的股权收购协议后，特朗普政府在考虑，把在英特尔协议的这种政府持股模 式套用到其他关键行业。 据央视新闻，美国商务部长卢特尼克周二披露，特朗普政府有兴趣收购军工企业的股权，正考虑是否要 入股美国顶级国防承包商，特别点名洛克希德·马丁公司。 被问及是否考虑进一步收购其他芯片企业的股份、比如英伟达的股份时，贝森特明确否认英特尔在考虑 范围。他说： "我认为英伟达不需要财务支持。所以，你知道，这似乎目前不在考虑范围内，但还有其他 我们正在重塑的行业吗？比如造船业。当然。可能会有这样的事情。这些都是我们必须在美 国实现自给自足的关键行业。" 贝森特将新冠疫情比作"动能战争"的"测试版"，强调疫情暴露了美国供应链的弱点。他说："80-90%的 制药前驱产品都在海外生产，这是不可接受的"。 五角大楼考虑入股防务承包商 美国财长贝森特周三则暗示，造船等关键行业的企业可能成为下一个目标，强调这些都是美国必须实现 自给自足的关键产业，而对于和英特尔同为芯片企业的英伟达，他排除了政府入股的可能性。 此举标志着特朗普政府在通过政府控制私人经济来实现其经济目标方面的重大升级，但也引发了包括一 些保守派在内的激 ...

Core Viewpoint - The U.S. government has announced an investment of $8.9 billion to acquire a 9.9% stake in Intel, marking a significant shift towards state-led investment in key industries, interpreted as the beginning of a sovereign wealth fund initiative in the U.S. [2][3] Investment Details - The investment comes from previously allocated but unpaid subsidies under the CHIPS and Science Act, totaling $5.7 billion, along with an additional $3.2 billion from government funding projects, bringing the total government investment in Intel to $11.1 billion [4] - The U.S. government will hold a passive stake without board seats or governance rights, agreeing to align with the company's board on shareholder matters, barring a few exceptions [3][4] Market Context - Intel has been struggling with market share and technological advantages, facing significant losses, including a projected $18.8 billion loss in 2024, marking its first loss since 1986, with a 60% drop in stock price [5] - The investment is seen as a potential lifeline for Intel's struggling foundry business, although fundamental challenges such as weak product roadmaps and customer shortages remain [5] Political and Economic Implications - The move has sparked criticism from conservative figures, who argue it undermines free market principles and could lead to politically driven decision-making at Intel [5] - The investment may complicate Intel's international operations, as approximately 80% of its revenue comes from outside the U.S., potentially triggering foreign subsidy reviews and stricter conditions in international dealings [5] Broader Strategic Goals - The investment in Intel is part of a larger strategy by the U.S. government to create a sovereign wealth fund, with plans to invest in more companies across various sectors [6][7] - The government aims to revitalize American manufacturing and reduce reliance on foreign supply chains, with projections suggesting the fund could raise over $500 billion during Trump's administration [7]

Core Viewpoint - The U.S. government's acquisition of a 9.9% stake in Intel through the CHIPS Act has raised concerns among investors about increased government intervention in private enterprises, particularly following the demand for Intel's CEO to resign [1][3]. Group 1: Government Intervention - The agreement involves converting $11.1 billion from the CHIPS Act and other government funds into equity in Intel, which has sparked fears of a precedent for government overreach in corporate governance [1][2]. - The transaction does not grant the U.S. Department of Commerce a board seat but allows it to influence board nominations and proposals, raising concerns about potential conflicts of interest [2][3]. Group 2: Investor Reactions - Investors express unease over the implications of such government involvement, with some suggesting that it could lead to a dilution of shareholder rights and voting power [3][4]. - A California investor highlighted that the transaction sends a message of compliance with government demands, which could set a troubling precedent for corporate governance [1][5]. Group 3: Market Implications - The deal is seen as providing liquidity to Intel but failing to fundamentally improve demand for its chips, as noted by Fitch Ratings [2]. - The stock price of Intel rose from $20.41 on August 6 to $24.56 on August 15, before closing at $24.35, indicating market volatility in response to the news [1]. Group 4: Broader Context - This intervention is part of a broader trend of government involvement in private companies, with historical precedents during the 2008-2009 financial crisis, but the current situation is viewed as unprecedented for healthy companies [3][4]. - The potential for conflicts between corporate goals and national interests is highlighted, with calls for regulations to prevent misuse of insider information and protect investor interests [4][5].

用"兑现承诺"换股权 据英特尔公司8月22日公告，美国政府将以每股20.47美元的价格收购4.333亿股英特尔普通股，股权占比 为9.9%。这一收购单价较公告当日英特尔24.80美元的收盘价折价近17%。加上此前英特尔已获得的22 亿美元补贴，美国政府对英特尔的总投资额高达111亿美元。交易完成后，美国政府将成为英特尔最大 股东。 除此之外，美国政府还将获得一份为期5年的认股权证。如果英特尔对其芯片代工厂的股权降至51%以 下，美国政府有权以每股20美元的价格额外认购英特尔5%的股权。 要理解这笔交易的本质，需要了解它的资金来源。 根据英特尔发布的声明，美国政府的资金来源是拜登政府2022年通过《芯片与科学法案》时承诺给予英 特尔但尚未支付的57亿美元补贴，以及另一笔32亿美元政府资助项目资金。换句话说，这些资金本就是 美国政府计划给予英特尔的，只是特朗普政府将其以股权的形式进行了"兑换"。 这笔交易的背后，也充满了戏剧性。 这还得从特朗普与英特尔首席执行官陈立武（Lip-Bu Tan）之间的关系说起。 89亿美元，占股9.9%！8月22日，美国政府宣布将成为芯片巨头英特尔的最大股东。 这不是一般的企业纾困， ...

Core Insights - The U.S. government has invested $8.9 billion to acquire a 10% stake in Intel, becoming the largest shareholder, but it only received common stock without voting rights, resembling a clever form of subsidy [1] Group 1 - The investment positions the U.S. government as a significant player in Intel's ownership structure [1] - The lack of voting rights indicates a strategic approach to support the company without direct control [1] - This move reflects broader governmental strategies to bolster domestic semiconductor manufacturing [1]

（央视财经《第一时间》）当地时间周一，美国芯片制造商英特尔公司表示，美国政府的持股计划可能 会损害其国际业务，并引发多方的负面反应。但另一边，美国总统特朗普则是发文称赞了这笔交易，并 且表示希望推进更多类似的交易。对此，市场人士怎么看？ CNBC 蒋钰：特朗普希望推动"以补贴换股权"的形式入股半导体公司英特尔，引发的相关争议还在持 续。当地时间周一，英特尔公司向美国证券交易委员会SEC提交的文件，披露了特朗普政府入股可能会 存在的一些风险。 英特尔在文件中警告，完成相关的交易还存在多重风险和不确定性，而美国政府持有公司大量股权也会 带来额外的风险。相关交易可能会面临来自投资者、员工、客户、供应商、商业合作伙伴等多方的负面 反应。公司还可能面临与交易相关的诉讼。 值得关注的一大领域就是国际销售，英特尔表示，在2024财年其有76%的营收来自美国以外市场。未来 如果美国政府成为公司大股东，英特尔可能会在其他国家面临更多的监管或者限制。 另外，英特尔还表示相关交易可能会稀释现有股东的权益。 虽然英特尔方面是披露了很多的风险，但是特朗普政府这边却丝毫没有松口的意思。甚至，隔夜特朗普 在社交平台发文，表达了要推动更多类 ...